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H.R. 1426

Big Oil Welfare Repeal Act of 2013

Big Oil Welfare Repeal Act of 2013 - Amends the Internal Revenue Code to eliminate the tax deduction for income attributable to domestic production activities for major integrated oil companies (companies that have an average daily worldwide production of crude oil of at least 500,000 barrels for a taxable year and gross receipts exceeding $1 billion for their last taxable year ending during 2005).

Referred to the House Committee on Ways and Means.

Rep. Bishop, Timothy H. [D-NY-1](D-NY)Sponsor
2 cosponsors2 D
2cosponsors1committees3actions2related bills2subjects
  • Introduced in HouseApr 9, 2013
  1. IntroReferralH11100

    Referred to the House Committee on Ways and Means.

  2. IntroReferralIntro-H

    Introduced in House

  3. IntroReferral1000

    Introduced in House

Big Oil Welfare Repeal Act of 2013 — Informed